Fishing group Oceana will be selling its commercial cold storage business to a consortium of investors in a R760 million deal, a transaction that it says will “enable it to invest and expand its core fishing business”.
In February, the Financial Sector Conduct Authority launched an investigation into the group’s affairs into what the watchdog termed as possible publishing of “false, misleading or deceptive statements, promises and forecasts regarding the past or future performance of the company, or its securities.” Read: Oceana appoints Zafar Mahomed as CFO Before the investigation, the group had experienced delays in releasing annual financial statements for the 2021 period.
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